Our team including Paul Sobwick, CAI, AARE, CES, has conducted thousands of successful sales involving residential, commercial, industrial, raw land, lots and unique properties. We also liquidate business assets, equipment, and all sorts of personal property.
A LIVE AUCTION FINALE WILL BE HELD ON THE PREMISES MONDAY 3/15 AT 11AM
Doors will open 3/15, 9am for your final inspections
Great investment opportunity. Office complex spanning 3-4 buildings plus interest in large parking lot. Ground level retail and retail/office space up. Great frontage on US Rte 1 in Hyattsville adjacent to large EYA redevelopment projects and county government buildings. Partially rented. Could be perfect for owner-occupant as the prime retail space at the corner of Baltimore and Farragut is currently vacant. Turn-key condition. Great cashflow potential. New roof, HVAC, more. Pre-auction offers with creative financing terms considered.
Tax IDs: 16-1797299; 16-1794171; 16-1793181; 16-1811066 (click here for legal description of all parcels)
For general terms governing TRAC's real estate auctions, click here. Terms specific to this auction:
This sale will be conducted in 2 phases:
During the online phase the seller reserves the right to accept any bid or offer at any time
at the conclusion of online bidding a live auction will be held on the premises of 5100 Baltimore Ave. The high online bid will registered as the opening bid at the live sale.
The property will be open for inspection by appointment by calling the auctioneer's office.
Only ID Verified bidders are permitted to bid on this auction
There is a 10% Buyer’s Premium in effect1
Broker pre-registration is required. Click here for broker registration form.
The purchaser will be contacted immediately upon conclusion of a successful sale in order to coordinate the signing of the Sales Contract and other documents evidencing and relating to the sale.
Initial Deposit: $20,000
The Purchaser must increase his/her deposit to 5% of the high bid within 3 business days. Balance due at settlement.
60 day settlement is required
You can obtain more property information by calling the auctioneer's office directly at 888.704.8722. Inspection requests are routinely honored. Public open house(s) yet to be scheduled. A copy of the Real Estate Contract of Sale, the most recent survey, title insurance policy and more are available to all registered, logged-in users in the Documents/Due Diligence section above.
This auction is being conducted by TRAC as an agent of the seller. Paul Sobwick, Auctioneer.
1A 10% Buyer's Premium is in effect. Your high bid plus the referenced Buyer's Premium equals the final purchase price. For example, if the high bid is $1,000,000 you would add a $100,000 Buyer's Premium for a final purchase price of $1,100,000.
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